In these days that we are waiting for a price movement that defines a trend, we have another indicator that has given a bullish signal Golden Cross
Let's see
Bitcoin has made the crossing of the Golden Cross. This crossing occurs when the mean MA of 50 periods exceeds that of 200 periods daily.
It is a good bullish indicator. Used by many investors to make a decision.
But analyzing the history of Bitcoin has in some cases given a Fakeout Golden Cross
All indicators should be used with caution, for each investment you must make your own analysis combining different indicators.
Other indicators
Today the price pierces the 21-period line Daily Down. If you close today and stay below the 21-period line, for 2 more days, it may be indicative that the price may continue correcting and reach the 200-period line daily (Bearish).
Hash Ribons indicates that a new mining capitulation is approaching (Bassists)
From elliot's point of view, in this 2020, the corrected has approached a 0.382% and may be sufficient correction to be bullish or make the correction greater.
Since 2020 it is marking the price of Bitcoin in the medium term, higher maximums and lower minimums (bullish). Then came a pandemic correction and from that moment a new bullish cycle began.
The volume is at average values which is not indicative of trend.
From what we see the indications are for both directions, Bearish and Bullish, for the price of Bitcoin.
Can you think of any other parameter or fundamental to take into account?
What do you think?
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Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
We will continue monitoring
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